We could see a rebound of NQ on it's 50ema and on the trendline
There's so much pain for BABA holders right now, been down -58% from highs. The downward channel is quite steep, but it's appraoching historical levels of support. Daily RSI is at 26 and it can go lower to the 20 area, especially for the weekly RSI there's more space to the down side (32 right now), going probably to below 25, correspond to the levels of support...
We are in a long terme wedge heading probably to 1.10. I'd expect a bounce arround 1.09 / 1.10
Guess what happened at the yellow vertical line ? Dollar was de-correlated from Gold in an event know as the "Nixon shock", basically creating value from nothing, after all the alchemists dreamed about turning metals to gold, and there dream came up in a different form. Creating value from nothing resulted in all the world contributing to enriching the US and...
There's definitly some acceleration going on over the years. 6 red years vs 30 green years over 36 years
With intrest rates not coming up any time soon, and the major upper trend line broken, I'm looking for another angle to analyse NDX, and came up with this regression channel. It is a scray taught if we are heading to 17500.